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Karl Rove Group That Absurdly Blames Obama For Rising Gas Prices Was Bankrolled By Top Oil
Karl Rove Group That Absurdly Blames Obama For Rising Gas Prices Was Bankrolled By Top Oil Speculatorhttp://thinkprogress.org/climate/2012/04/11/462668/karl-rove-group-blames-obama-for-rising-gas-prices-bankrolled-by-top-oil-speculator/
A conservative political advocacy group attacking Obama for supposedly raising gas prices received a “seven-figure check” from a leading Wall Street oil speculator.
While conservative organizations — and even Murdoch’s Wall Street Journal – agree that presidents have no control over gas prices, excessive oil speculation has been blamed by economists for 15% of the increase in the price of crude oil over the last decade.
Crossroads GPS, a political organization run by strategist Karl Rove, has spent $1.7 million on a new national ad campaign blaming President Obama for making gasoline cost “too much.” But the organization has in the past received substantial funding from Paul Singer, manager of a hedge fund responsible for some of the highest volume of oil trading in the country.
Former ThinkProgress blogger Lee Fang at the Republic Report reported on the link:
http://www.republicreport.org/2012/paul-singer-ad/